Canyon Services Group Inc. (FRC) Rating Reiterated by Scotiabank
Canyon Services Group Inc. (TSE:FRC)‘s stock had its “sector outperform” rating reiterated by Scotiabank in a research report issued on Tuesday.
Several other research analysts have also recently issued reports on the stock. TD Securities restated a “buy” rating and issued a C$6.50 target price on shares of Canyon Services Group in a report on Friday, September 9th. CIBC cut their price target on shares of Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 25th. FirstEnergy Capital lifted their price target on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the company a “market perform” rating in a report on Monday, August 8th. Finally, BMO Capital Markets lifted their price target on shares of Canyon Services Group from C$5.00 to C$5.50 and gave the company a “market perform” rating in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Canyon Services Group currently has a consensus rating of “Buy” and an average price target of C$6.18.
Shares of Canyon Services Group (TSE:FRC) traded up 1.07% during mid-day trading on Tuesday, hitting $5.66. 159,870 shares of the stock traded hands. Canyon Services Group has a 1-year low of $2.85 and a 1-year high of $5.98. The company’s market capitalization is $486.10 million. The company’s 50-day moving average price is $4.94 and its 200 day moving average price is $4.92.
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Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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